Telemus Blog

Gold Prices Gain After Fed Raises Rates

Written by Wall Street Journal | Sep 26, 2022 1:17:47 PM

 

Gold prices rose Wednesday after the Federal Reserve raised interest rates to a level last seen in early 2008.  CIO Matt Dmytryszyn, CFA, told The Wall Street Journal: He expects gold prices to recover some over the next two years when the Fed slows down its pace of rate increases.